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Secrecy, Cigars and a Venetian Wedding: How the PGA Tour Made a Deal with Saudi Arabia

Jay Monahan, the PGA Tour commissioner, had gone unnoticed in Venice last month.

With luck, he thought over breakfast near the Palazzo Ducale, his confidential talks in Italy with Yasir al-Rumayyan, the governor of Saudi Arabia’s more than $700 billion sovereign wealth fund, might stay secret. A leak would endanger what only a handful of insiders knew: that the PGA Tour was considering going into business with al-Rumayyan’s LIV Golf league, whose monthslong clash with Monahan’s tour had become a fight as much over golf’s soul as its future.

Then Stefano Domenicali, Formula 1’s chief executive, strolled into view.